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Student Budget

As you consider financing your medical education, below you will find the Pritzker School of Medicine 2018-2019 standard student budget. This budget is a good benchmark for calculating the cost of medical education. It is also used by the financial office when calculating aid. If an individual is receiving financial assistance, that assistance cannot exceed the estimated costs provided below.

The standard budget for all students includes the estimated cost of tuition, mandatory fees, disability insurance (based on average class age), and estimated expenses of room & board, transportation, books & supplies, and personal expenses. A universal transcript fee will appear on your Autumn quarter bill unless you have completed coursework at the University of Chicago before your admission to Pritzker School of Medicine. Additionally, you may elect to participate in the University Student Health Insurance Program (U-SHIP) if a parent or your spouse does not currently cover you, or you hold private coverage.

Tuition and fees are set on an annual basis. Tuition generally increases at approximately 3% - 4% annually. The estimated cost of attendance for MS1 students for FY19 is listed below.

2018-19 MS1 Estimated Cost of Attendance

MS1 10.5-Month Budget

Tuition

55,440

Student Life Fee

1,209

Med Equipment

515

Lab Fee

150

Universal Transcript Fee*

75

Disability Insurance

315

Health Insurance

4,398

Loan Fees

312

Direct Expenses

62,414

Personal Expenses

3,397

Room and Board

16,800

Transportation

2,226

Books & Supplies

1,200

Indirect Expenses

23,623

Total Budget

$86,037

2017-18 MS1 Cost of Attendance

MS1 10.5-Month Budget

Tuition

53,286

Student Life Fee

1,173

Med Equipment

515

Lab Fee

150

Universal Transcript Fee*

75

Disability Insurance

315

Health Insurance

4,290

Loan Fees

312

Direct Expenses

60,101

Personal Expenses

3,413

Room and Board

16,800

Transportation

2,226

Books & Supplies

1,200

Indirect Expenses

23,639

Total Budget

$81,303

2018-19 Estimated Cost of Attendance

MS 1

MS 2

MS 3

MS 4

DIRECT EXPENSES

Tuition

55,440

55,440

73,202

73,202

Lab Fee

150

35

-

-

Disability Insurance

315

315

328

340

Student Life Fee

1,209

1,209

1,525

1,525

Med Equipment

515

-

-

-

Transcript Fee*

75

-

-

-

USMLE

-

630

1,920

-

Health Insurance

4,398

4,398

4,398

4,398

Loan Fees

312

312

312

312

INDIRECT EXPENSES

Transportation

2,226

1,908

2,636

6,044**

Room and Board

16,800

14,400

19,200

19,200

Personal Expenses

3,397

2,880

3,840

3,840

Books & Supplies

1,200

1,200

1,800

852

TOTAL

$86,037

$82,727

$109,161

$109,713

2017-18 Cost of Attendance

MS 1

MS 2

MS 3

MS 4

DIRECT EXPENSES

Tuition

53,286

53,286

70,365

70,365

Lab Fee

150

350

-

-

Disability Insurance

315

315

328

340

Student Life Fee

1,173

1,173

1,480

1,480

Med Equipment

515

-

-

-

Transcript Fee*

75

-

-

-

USMLE

-

605

1,885

-

Health Insurance

4,290

3,975

3,975

3,975

Loan Fees

312

312

312

312

INDIRECT EXPENSES

Transportation

2,226

1,908

2,668

6,044**

Room and Board

16,800

14,400

19,200

19,200

Personal Expenses

3,413

2,925

3,900

3,900

Books & Supplies

1,200

1,200

1,800

852

TOTAL

$81,303

$80,134

$105,913

$106,468

*Universal Transcript Fee is a one-time fee assessment. The Universal Transcript Fee is automatically waived for entering medical students who paid this fee during previous studies at the University of Chicago.

**Includes allowance for residency interview travel.

Budget Increases

Computer Budget Increase - Pritzker students may request a one-time budget increase for the purchase of a computer or laptop during their program of study. The budget increase will be equal to the purchase total or $2,000, whichever is less. Funds offered to cover the budget increase will be in the form of an Unsubsidized Stafford Direct Loan, a Grad PLUS Direct Loan, or a Pritzker Loan.

Dependent Care Allowance Budget Increase - Students who have dependents other than a spouse, such as young children, may be eligible for supplemental loan assistance to help offset the costs for dependent care. Allowable costs include day care expenses, child care services, etc. The additional financial need will be met first with Unsubsidized Stafford Direct Loans, then with Graduate PLUS loans. You will be asked to provide proof of the expenses in the form of a cancelled check, day care provider contract, or a written statement from the provider.

Residency Travel Budget Increase - Fourth year medical students have included in their budget some additional personal/other allowance to accommodate travel and other expenses for the residency application process. If your residency interviewing expenses exceed this allowance, you may request a one-time budget increase to cover expenses. Documentation of all costs is required along with a copy of your ERAS application and verification of schedule interview(s) from the respective programs.